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31 On April 21, 2020, Sykes DSL issued 30,000 shares of $4 par value common stock for $16 per share. Which of the following statements

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31 On April 21, 2020, Sykes DSL issued 30,000 shares of $4 par value common stock for $16 per share. Which of the following statements is true? (8 01:10:41 Multiple Choice 0 The Additional Paid-in Capital account will increase by $480,000 0 The Common Stock account will increase by $120,000 0 The Cash account will increase by $120,000. 0 Total stockholders' equity will increase by $360,000

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